Music streamer SoundCloud has cash until fourth quarter after layoffs

FRANKFURT (Reuters) - SoundCloud, the world's biggest music-streaming service, is still struggling to find a business model - it now has enough cash to last until fourth quarter, after laying off 40 percent of its staff, a representative said on Thursd...

FRANKFURT (Reuters) - SoundCloud, the world's biggest music-streaming service, is still struggling to find a business model - it now has enough cash to last until fourth quarter, after laying off 40 percent of its staff, a representative said on Thursday.